The Sun-Times has a good but complex piece today on the relationship between rising property taxes and the phaseout of the so-called 7% property tax cap instituted by outgoing Cook County Assessor James Houlihan (here’s more on the candidates vying to replace him). Fortunately, Ben Joravsky’s been writing about the 7% cap – which is obviously integral to the TIF issue – and his work provides some good background.